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Airbnb

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New York legislation to cut Airbnb booking revenue in half 

Jul 25, 2018By

New York’s new legislation targeting illegal short-term rental activity is slated to slash Airbnb’s New York booking revenue in half. According to an article by Bloomberg, Airbnb and its users are on track to generate $140 million in booking revenue this year, from which Airbnb takes a cut around 15%. But come January when the new legislation goes into effect, Airbnb and its hosts can kiss at least $70 million of that goodbye.